1 ADVANCED ACCESSORY SYSTEMS, LLC EXHIBIT 12.1 - STATEMENT REGARDING COMPUTATION OF RATIOS - FIXED CHARGE COVERAGE RATIO FOR THE YEARS ENDED DECEMBER 31, 1998, 1997 AND 1996 (DOLLAR AMOUNTS IN THOUSANDS) DECEMBER 31, 1998 1997 1996 -------- --------- ------- Pre-tax income (loss) from continuing operations .............. $ 813 $ 712 $ 6,409 Minority interest in the income of subsidiary with fixed charges ...... -- 97 69 ------- ------- ------- 813 809 6,478 ------- ------- ------- Fixed Charges: Interest expense and amortization of debt discount and premium on all indebtedness ...................... 18,633 12,627 4,312 Rentals (1) .......................... 1,317 751 223 ------- ------- ------- Total fixed charges .................. 19,950 13,378 4,535 ------- ------- ------- Earnings before income taxes, minority interest and fixed charges $20,763 $14,187 $11,013 ======= ======= ======= Ratio of earnings to fixed charges ... 1.04x 1.06x 2.43x ======= ======= ======= - ---------- (1) Amount included in fixed charges for rentals is considered by management to be a reasonable approximation of the interest factor.